Forex Guide answers:

Try the forex tutorial at www.forexlane.com. The technical section has an explanation and methods of use for all the technical analysis tools that you are looking for.

Forex Guide answers:

This works for me and it is free!

Http://forex-strategies-revealed.com/

Forex Guide answers:

I hope that I found an article that will probably answer your question.

Forex Guide answers:

Opening and closing prices in forex do not have the same weight they do in stock trading, since forex is a continous 24 hour market. If you are using a 5 and 6 day EMA, and trading the crossovers, you might get many false signals. Test EMA 5 over EMA 13 on the close prices.

I have never used the Heiken-Ashi, but the MACD is pretty accurate on the daily chart when it gives bullish or bearish divergences and that is confirmed by a crossover or another signal elsewhere.

Back testing has the drawback of allowing the trader to ‘curve-fit’ the chart, better to test how the indicators perform in a demo account.

ADX is an okay indicator, but proper use of EMA with MACD will probably give better trade calls over the long term than the ADX alone.

Do not neglect the fundamental picture and know when to stay out of the market (major data, announcements), practise, practise, practise.

And good luck.

Forex Guide answers:

Essentially, yes. Perceptions of a “rising economy” will tend to move capital out of relatively low-yield bonds and into equities. Thus, the bond yields rise because demand for them slackens.

Forex Guide answers:

Hi
all most all fx will give bonus to $1000 but read their Terms and conditions.i am not sure if zecco is real fx company.here you can find a list best forex trading platforms that most traders use
———————–

http://forexplatformslist.com

———————–
good luck

Forex Guide answers:

Bear in mind that Forex analysts and brokers charge a fee for their service. Forex signal trading brokers may only monitor the more popular currencies such as EUR/USD, USD/JPY, GBP/USD and USD/CHF. However, for a higher fee you may be able to find Forex signal services for less popular currencies and pairs. Basic subscriptions to Forex signal services will send you alerts about the best times to buy and or sell.

If you happen to have a higher level of subscription then you will be alerted about the buy and sell times by pager or cell phone. There are also levels of subscription that will provide the subscriber with live Forex charts. The minimum subscription fee is usually a hundred dollars a month.

You can simply generate the forex trading signals by using an “Automated FOREX Trading Systems”. You can get these Forex Trading Systems for a one time low price not more than 100$, in the sense that doesn’t even cost you a monthly fee of your subscription for forex trading signals.

‘Forex Trading Systems’ are the best way for anyone to invest in the foreign exchange market. There are trading systems that are ideal for every type of forex trader. Easy to use, informative and beneficial are the key factors to consider before putting your foot into the trading pool. Simple ‘Forex trading systems’ are big business. Invest in the right one and you can make big currency profits and get the cost you paid back many times over !!

…If You Want To Learn More About A Successful Forex Trading System, I Suggest You Take The First Step, by going here: http://shurl.net/5MC

Forex Guide answers:

Hi,

1- There are a lot of websites with free information about forex:

http://www.babypips.com/school/

There is also a good series of videos that were used to be free but unfortunately they are not free any more. You have to pay $10 for each but it does worth. If you watch these videos, it will save hundreds of hours of your time:

http://www.fxclub.com/video-en/

Also at http://www.weboma.com/category/forex/ you can find free daily/weekly signals every night.

Almost all of the forex brokers offer free demo accounts which you can practice with the fake money. Here is a small list of the brokers with free demo account:
1- http://www.interbankfx.com/
2- http://www.northfinance.com/
3- http://www.fxclub.com/
4- http://www.cmcmarkets.com/

The first two have MT4 platform. The last two have their own special platforms.

=======================

2- You can start trading forex with as low as $100. The leverage is 1:100 but you can also find 1:400 leverage too. If you learn forex properly, you can double a $5000 account every month and there are forex traders who make much more.

As you have been a stock traders, you will learn forex much faster and easier because 99% of the techniques are the same.

=======================

3- For Canadians CMC Markets is the best option:

http://www.cmcmarkets.ca/

=======================

4- It depends on yourself. You can trade wisely or you can gamble with your money and lose it easily.

There is a higher risk than the stock market because the leverage is higher.

=======================

5- There are some legitimate ones but you don’t need them. You can easily learn technical analysis and find buy and sell signals on your own. It is not hard.

Best regards,
Vahid
http://www.weboma.com/

Forex Guide answers:

Many people told me that investing in curriencies is the hardest way of investing, because it doesn’t have clear direction. Bullish or Bearish is hard to detect. However, there was the two big crisis, 2008 global crisis and the EUR crisis mid of last year. Many people who traded forex frequently, made huge profits from trading Dollars, and EUROs, simply because last year they could buy year at a 10-Year record low.

Now adays, all eyes are on the Japanese Yen after the Quake..
So, i really give you advice not to trust any one in this kind of trading, because even proffessionals lose for unpredictible mistakes

Forex Guide answers:

I’ve read a lot about Forex, but I’ve never seen a proven profitable forex strategy, despite the claims of some scam web sites. Playing Forex can appear alluring, but the majority of people who try it lose money. All you have to do is do a web search on the words “Forex” and “lose” to see this is the consensus.

Forex is what we call a “zero sum” game. You are making a bet with someone else about whether a currency will rise or fall. For every winner there has to be a loser. If you are smarter than the average player, you may make money. If you are dumber than the average player, you are likely to lose money. Most of the people making the “bets” in Forex are highly trained professionals at banks and other institutions. You are unlikely to beat them at this game.

Actually Forex is not quite a zero sum game. It’s a slightly negative sum game as the Forex broker takes a small percentage each time in the spread. It’s a small amount but over a hundred trades, it ends up being a considerable amount of money. So the average player is likely to lose money, and remember the average player is a highly trained professional and probably smarter than you.

There is a lot of luck in Forex, and if you play it, you will have some periods of time where you make money. This is usually because you are having a lucky streak, not because you have suddenly become an expert Forex player. However, most people are unwilling to admit their success is due to luck. They become convinced they have a system that works, and lose a lot of money trying to refine it.

Further complicating the problem is the large number of Forex scams on the internet. Most Forex websites are of questionable honesty. You will find many people on the Internet that claim they made a lot of money using Forex. They are usually liars trying to make money. They will say: “Go to Forexcrap . Com/q2347.” The “q2347″ is a signal to the Forexcrap site that you are being referred to them by “q2347.” If they sell something to you, “q2347″ gets a kickback. These coded signals can be hidden by different methods in the link. Other people will refer you to their own private website or blog for the purpose of trying to get money off you. Also there are a good number of trolls out there that like to pretend they are successful forex traders just for the fun of it.

I would recommend not trying to do Forex at all, unless you are a trained professional. It’s like playing poker with people better than you, with the house constantly taking a small percentage from the pot.

Forex Guide answers:

The way to really make money in forex is definitely Metatrader Expert Advisors…

A full comparison of all your options can be found at:
http://compareexpertadvisors.blogspot.com/

Forex Guide answers:

This depend on your broker

you can open an account with 1 dollar

if you have account with 1000 usd i think you can buy 2000 usd to risk 2%

Forex Guide answers:

The Price per pip depends on the currency you are trading and the position size you enter the market with. Here are a few examples that could be helpful:

Trading the GBP/USD with a position size of 0.1 lots(1 mini-lot) you will be trading at $1 per pip. If you take a position size of 0.01 (1 micro lot) you will be trading at 10 cents a pip. And of course if you trade a position size of 1.0 (1 standard lot) you will be trading at $10 per pip. In contrast if you trade the USDJPY you will be trading 95 cents per pip using 1 mini lot. There is a formula to determine the price per pip for each currency but the easiest way is to google “pip calculator”.

As for leverage, the leverage on your account does NOT change the price per pip. The leverage determines the maximum exposure you can have. Meaning, at 100:1 the sum of all your positions currently open would be 10 times the allowable sum of all your positions at 10:1. It also means that at 100:1 you can hold positions in the market at about $100 for every $1 you have in your account (I say about $100 for every $1 because the every currency is different).

Forex Guide answers:

I used forex.com before, but for me is a good broker to use…then i switch to hotforex which i feel more confortable with….if you investing $500 u can have a premium hotforex account…but if you are beginner…u can sign up micro account just USD 5..just 1 % of your total investment and see how does it work….

Http://tinyurl.com/6kd6sp7

beside, u can try demo account too….

BTW, there is not a problem scalping micro account at hotforex..Thanks

Forex Guide answers:

First of all you must have good trading discipline. Without it you are destined to fail. And you’re right you need a good trading plan. Many successful traders have a very basic signalling system and with forex you get trade it either by fundamentals or by technical.

A Trading plan using fundamentals would be using news and economic releases.

A trading plan using technicals would use a charts. Start of using EMA’s. Try a MACD or RSI. But remember to keep it simple.